Sign In  |  Register  |  About Corte Madera  |  Contact Us

Corte Madera, CA
September 01, 2020 10:27am
7-Day Forecast | Traffic
  • Search Hotels in Corte Madera

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Walmart reports strong revenue growth of 5.7% with operating income growing faster at 30.4%; adjusted operating income up 13.2%

eCommerce up 23% globally, surpassing $100 billion for the year

GAAP EPS of $2.03; Adjusted EPS of $1.80

Company provides outlook for Q1 and FY25

Company raises annual dividend 9%

Walmart Inc. (NYSE: WMT):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240219441762/en/

Fourth-quarter highlights:

  • Consolidated revenue of $173.4 billion, up 5.7%, or 4.9% (cc)
  • Consolidated gross margin rate up 39bps due to improvement at Walmart U.S.
  • Consolidated operating income up $1.7 billion, or 30.4%; adjusted operating income up 13.2%, positively affected by currency and LIFO of 2.3% and 1.0%, respectively
  • Global eCommerce sales grew 23%
  • Global advertising business grew approximately 33%, including 22% for Walmart Connect in the U.S.
  • Adjusted EPS of $1.80 excludes the effect, net of tax, from a net gain of $0.23 on equity and other investments
  • Walmart agrees to buy VIZIO HOLDING CORP. to further accelerate Walmart Connect in the U.S.

Full year highlights:

  • Consolidated revenue of $648.1 billion, up 6.0%, or 5.5% (cc)
  • Global advertising business grew approximately 28% to reach $3.4 billion
  • Consolidated operating income up $6.6 billion, or 32.2%; adjusted operating income up 10.2%, growing faster than sales
  • ROA at 6.6%; ROI at 15.0%, up 230 bps
  • GAAP EPS of $5.74; Adjusted EPS of $6.65

The company will hold a live conference call with the Investment Community at 7 a.m. CST Tuesday, Feb. 20, 2024, to discuss the company’s fourth quarter earnings results for fiscal year 2024. The event will be webcast live and is accessible by visiting https://corporate.walmart.com/news/events and selecting the Fourth Quarter Earnings Release event. The webcast will be archived and available on the company website.

About Walmart

Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 255 million customers and members visit approximately 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2024 revenue of $648 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X (formerly known as Twitter) at twitter.com/walmart, and on LinkedIn at linkedin.com

Contacts

Investor Relations Contacts

Steph Wissink

Senior Vice President, Investor Relations

ir@walmart.com

Kary Brunner

Sr. Director, Investor Relations

Media Relations Contact

Kasey Anderson

Director, Global Communications

800-331-0085

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 CorteMadera.com & California Media Partners, LLC. All rights reserved.